Stagnant now until Minutes of Meeting for FOMC
two major events today:
1. Mins of Meeting for FOMC Nov. this is a market mover. We know that last FOMC speech it was translated pretty dovish to the market. however, the mins do contain some discussion points by other fed members other than Powell. take not that there are many hawkish feds that keep saying its still early to decide when to start cutting interest rates. this question is always asked by idiots who want to stir the market. still hope investors and analyst rem one thing, these are all expected after we encountered many Fed speeches saying the same thing. not sure how the market will go but personal level I do see that we should still be bullish.. we all want a good thanks giving..
2. Nvidia earnings call… many analyst are predicting that Nvidia should beat earnings, however we got to remember, this is what they say and set the market expectations.. so if Nvidia cannot meet, its good luck to the whole market because many Mag 7 companies are interdependent on Nvidia movement.. China ban recently also hit Nvidia hard.. nevertheless, within a week, after dropping to 399, Nvidia manage to reclaim back to 500 after 2 - 3 weeks.. my take (not financial advice) we should be good and meeting expectations.. however that saying, take not of next quarter guidance.. it will definitely be lower, just like AMD and Intel.. hope investors dont anyhow just and wait for Jenson Huang to give guidance and explain. AMD fell when the report was out and bounced when Lisa Su started to give guidance..
Jenson Huang is a great presenter and he is not as foul mouth like Musk who like to stab himself by saying things that paint his own company negative..
lastly, praying for a continued bull rally.. want a good thanks giving!!!
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I ain’t any guru… i follow technicals and trend line of the market
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SpyderCall : That is how I am seeing the selloff in most equities right now. Investors are just waiting to see the minutes before they make a move. This coupled with a little profit taking during a great rally.
OceansWave OP SpyderCall : Yupz.. it’s expected… hope the FOMC mins gives me my turkey for thanks giving
72734102 : Is it time to Boycott anti free speech companies like Apple and IBM etc??? They are trying to hurt Twitter (X) by falsely believing Soros owned Media Matters! Who is now being Sued by Elon and President Trumps Truth Social for Deliberate Fraud to hurt free speech! Attorney Generals in a dozen States joining the Law Suit to End Fascist Media Matters propaganda. Apparently they have all the evidence to stop Soros controlled Media Matters and other Soros propaganda medias.
SpyderCall OceansWave OP : I feel like they won't be super hawkish for markets at all. But nobody knows for sure. The market will do whatever it wants sometimes. even if it is irrational
SpyderCall 72734102 : Yea Soros is wild. Have you seen his son? He is even more wild. From the outside, they seem like a strange family.
But then again, what family is "normal?"
104218541 : Jack Ma, Alibaba left it up to you. Don't let the stock market god let me help you any more. I myself still have work to do.
DavidCCL : Retail investors are always under the mercy of the HF. Even if NVDA earning may exceed expectation, the price may drop.....
Reason: The current high price has already included the impact of the result.
Then these HF start to take profit, pushing the price down.
Please trade with caution..